Announcement of Inheritance and Capital Gains bills surprise the productive sector

Image: Expreso

The announcement of President Rafael Correa, of sending again the draft Laws on Inheritance and Capital Gains to the Assembly surprised the productive sectors of Guayaquil and Quito, which consider it a bad sign for a difficult 2016.

Francisco Alarcon and Pablo Arosemena, presidents of the Chambers of Industry and Commerce of Guayaquil, respectively, yesterday reaffirmed their position of rejecting the government’s intention, which is the same they held when the president sent on June 5th the aforementioned bills to the Assembly and that were withdrawn 10 days later.

They believe that mentioning the idea is a “bad sign” for the productive sector, even after the Public Private Partnership law was approved and the progressive elimination of safeguards was announced.

Richard Martinez, president of the Ecuadorian Business Committee (groups all the chambers), says that “it is not positive to make announcements that undermine social peace and cause nervousness at a time like this.”

President Correa said that the adoption of such laws “is the fundamental dispute” because “what is at stake in the country is to continue with the exclusion country or to continue building increasingly a homeland for all.”
Translated into English by Pierina Abad
Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8725997&idcat=38269&tipo=2